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CIPA Fellowship for the Professional Accountants

CIPA” stands for Certified Islamic Professional Accountant and it is one of the two flagship qualifications which are offered by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions). CIPA is the only internationally recognized qualification in accounting for Islamic financial institutions i.e. Islamic banking, investments, and Takaful segments.The CIPA program is intended towards development of, and enhancing of, human resource capabilities by developing experts for Islamic finance accounting and financial reporting, audits, and Shari’ah audits.

AAOIFI is a global standard-setting organization for the Islamic finance industry and supported by around 200 institutions, including 20+ central banks, from over 45+ countries; and finding more career opportunities for both personal and professional growth. There is a huge and ever-growing demand for experts of AAOIFI Shari’ah, accounting, auditing, governance, and ethics standards. CIPA Fellows are familiar for their knowledge and expertise and are always preferred over non-CIPA candidates.

For qualifying CIPA a person needs to follow some objectives such as to develop in-depth understanding and application abilities of the requirements of the AAOIFI Financial Accounting Standards (FAS) in respect of presentation of financial statements and financial reporting of Islamic Financial Institutions (IFIs). CIPA course will help the fellows to enhance strong application abilities of the requirements of the AAOIFI Shari’ah standards and to equip candidates with comprehensive understanding of the requirements of Governance in an organization from Shari’ah perspective.

CIPA course is basically designed for professionals, executives, as well as for students who are currently involved, or studying, or have interest, in accounting, auditing, and finance, particularly for the Islamic banking and finance industry, such as: Accountants and Auditors, Shari’ah Auditors, Islamic finance practitioners, bankers, takaful operators, professionals and graduate students aspiring.

There are three reasons why a person will be CIPA Qualified.After successfully passing all CIPA module exams and fulfilling practical experience requirement (PER).

 You will become a CIPA Fellow.

 You stand to gain the benefits by joining the 1000+ strong group of CIPA Fellows worldwide.

 Prestige of using the letters “CIPA” after your name’ Getting officially recognized by AAOIFI and the Islamic finance Industry.

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